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Author Question: Refer to Figure 9.7. Because of the policy, consumer surplus fell by A) 10. B) 20. C) 12,500. ... (Read 60 times)

Garrulous

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on: Jul 1, 2018
Refer to Figure 9.7. Because of the policy, consumer surplus fell by
 
  A) 10.
  B) 20.
  C) 12,500.
  D) 25,000.
  E) 45,000.

Question 2

The scale economies index (SCI) is equal to:
 
  A) the cost-output elasticity.
  B) one minus the cost-output elasticity.
  C) 100 times the degree of economies of scope (SC).
  D) marginal cost divided by average cost.


beccamahon

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


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